that 2% of accounts controlled over 95% of Bitcoin. Estimates state that the top 1% of the world control 50% of the global wealth, which means that the inequality of wealth in Bitcoin is more prevalent than in traditional financial systems: an accusation that breaks the notion that Bitcoin can potentially break centralized hegemonies.
The BTC price will only stabilize when the whale pulls their large sell orders. So, now the price is where the whales want it to be so they can accumulate more coins at their desired price point. The following tactic is known as a “sell wall.” Watching the selling and buying patterns of whales can sometimes be good indicators of price movements. There are websites like Whalemap that are dedicated to tracking every metric of whales and Twitter handles like Whale Alert, which has been a guide for Twitter users around the world to stay updated on whale movements.
Even in 2022, one of the most bearish years in the history of Bitcoin, exchange balances have gone down, showing that most HODLers are stocking up on their Bitcoin. Most seasoned crypto investors refrain from keeping their long-term Bitcoin investments in exchanges, using cold wallets for hodling.“Most whales have seen multiple market cycles of Bitcoin to have the patience to wait for the next one.
I have reason to suspect that you are a big whale
the penny pushers are what really control the charts
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